Waverly Advisors LLC Acquires 6,602 Shares of Johnson Controls International plc (NYSE:JCI)

Waverly Advisors LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 197.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,953 shares of the company's stock after acquiring an additional 6,602 shares during the period. Waverly Advisors LLC's holdings in Johnson Controls International were worth $786,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new position in Johnson Controls International in the 4th quarter worth approximately $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $42,000. Crowley Wealth Management Inc. bought a new stake in Johnson Controls International during the 4th quarter valued at $42,000. Finally, Gables Capital Management Inc. raised its stake in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. The trade was a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Oliver sold 100,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the transaction, the director now directly owns 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 331,133 shares of company stock worth $27,845,646. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Trading Up 0.3%

Shares of JCI stock traded up $0.30 during trading hours on Wednesday, reaching $101.32. 5,417,741 shares of the stock traded hands, compared to its average volume of 4,291,113. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $66.67 billion, a PE ratio of 38.67, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $101.53. The business has a fifty day moving average price of $84.76 and a 200 day moving average price of $83.25.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company's revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. On average, equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 39.47%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JCI shares. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. Morgan Stanley boosted their price objective on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Royal Bank of Canada raised their target price on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Robert W. Baird upped their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.12.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.